MD DA451
DA
MD DA451 BUTTER HIGHLIGHTS
MADISON, WI February 27, 2015 (REPORT 8)
BUTTER HIGHLIGHTS:
Butter prices are moving lower. Inventories are building for print
butter. Retail demand has started to pick up as the spring holidays
near. Due to higher milk volumes, churns have been running at or near
capacity and available cream is being sent to the churns. Domestic
butter demand is strong while export demand is weak. Bulk butter
demand is strong. Bulk butter is available in the West, with pricing
from 4.5 cents below to 1 cent over market. Bulk butter prices range
from 2 to 6 cents over to market in the East and the Central is
offering 6 cents over to market. The NASS Cold Storage report noted
U.S. butter stocks as of January 31, 2015 were 148.1 million pounds
stored in warehouses, up 43.4 million pounds from December 31. Friday
at the CME Group, Grade AA butter closed at $1.6950, down $.0275 from
a week ago.
1200CT Tara.Herbst@ams.usda.gov 608.278.4154
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home